Huazhong Vehicle (06830.HK) Profit Warning: Net profit expected to decrease by about 43% in the medium term

Gelonghui Finance ·  Aug 23, 2023 09:04

Gelonghui August 23Huazhong vehicle (06830.HK) announced that for the six months ended June 30, 2023, the group expects the profit attributable to parent owners to be reduced by about 43% compared with the six months ended June 30, 2022. The Board considers that the expected decrease is mainly due to an increase in R & D and management costs and a decrease in revenue from bargaining acquisitions.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment